S 3053
Permits exterior-based property reassessments within eight years of last municipal-wide revaluation.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill changes New Jersey’s property reassessment rules by extending the timeframe for exterior-based property reassessments. Currently, municipalities can conduct these reassessments within four years of a previous municipal-wide revaluation. This bill increases that timeframe to eight years, allowing for more flexibility in how municipalities assess property values. It aims to reduce the financial burden of comprehensive interior inspections, which are costly and time-consuming.
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.